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Gold/Mining/Energy : Medinah Mining Inc. (MDHM) -- Ignore unavailable to you. Want to Upgrade?

To: J. Nelson who wrote (14319)	5/25/1999 12:16:00 AM
From: SSP	Respond to of 25548

What would the impact on gold be if there is a rise in interest rates? From the Insider Report, "The drift lower began predictably following that euphoric buying spree, but the interest-rate fears may be in the midst of striking a much more painful blow. In addition to the obviously high share prices, Internet stocks have seen more than their fair share of margin buying, and that makes their shareholders even more sensitive to rising interest rates. If this sector does not form a solid support level and begin a rebound before the U.S. Fed moves interest rates higher (next month or next fall), we could see a calamitous plunge in the Internet issues that could wreak havoc in equity markets around the globe. " Steve

To: J. Nelson who wrote (14319)	5/25/1999 12:27:00 AM
From: SSP	Respond to of 25548

''There's a strong message coming from investors, and in this case, it's not a pretty message,'' said Hugh Johnson, chief investment officer for First Albany Corp. ''I always worry when I see stock prices generally going down and bond prices going up and utility stocks going up,'' Johnson said. The rise on Monday of cyclical stocks -- chemicals, paper and aluminum -- against the broad market slide also is alarming, Johnson said, because it indicates investors' concerns about higher-than-expected inflation, the chance the Federal Reserve might increase interest rates, and difficult corporate earnings comparisons for the second quarter. biz.yahoo.com "higher-than-expected inflation" ... this would definitely help gold! Steve

To: J. Nelson who wrote (14319)	5/25/1999 12:43:00 AM
From: SSP	Read Replies (1) \| Respond to of 25548

A possible gold scenario, Can it go down to $187.50 as some think possible??? "A J.P. Morgan Securities research report said gold could fall to the low $260s or below in the next few weeks until the United Kingdom holds it first gold auction on July 6, which should trigger a short-covering rally." short-covering rally ... I like the sound of that!! :)) Steve